MAX Resource (TSXV: MXR) announced this week that, following sampling work at five conglomerate trial pits on its Choc?? project, free gold was observed in the test concentrates obtained from each of the hard rock pits.In a press release, MAX said that initial results suggest potential gold continuity throughout a surface area of approximately eight square kilometers, open in all directions.The Va...Read More
MAX Resource (TSXV: MXR) announced this week that, following sampling work at five conglomerate trial pits on its Choc?? project, free gold was observed in the test concentrates obtained from each of the hard rock pits.In a press release, MAX said that initial results suggest potential gold continuity throughout a surface area of approximately eight square kilometers, open in all directions.The Va...Read More
(Updates with closing prices)By Eric OnstadLONDON, Feb 1 (Reuters) - Aluminium prices dropped onFriday, pressured by concern over excess supply after the topproducer said it would resume some output, while some basemetals were weighed down by weak Chinese factory data.Other metals climbed, however, with zinc hitting its highestlevel in nearly seven months.China Hongqiao Group , the world's top alu...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
During the lackluster and otherwise unremarkable trading of 2018, a hugely important development took place in the precious metals markets. Gold production, in the estimation of some top industry insiders, peaked.Peak gold represents the point at which the total number of ounces being pulled out of the ground by miners reaches a maximum.The concept of peak gold is controversial, to be sure.During...Read More
* Quotas set at 2015-2017 average imports, plus 5 pct * Tariffs of 25 pct apply if quotas are filled * Steel group welcomes move, carmakers don't (Adds EU steel body, Swiss inclusion)By Philip BlenkinsopBRUSSELS, Feb 1 (Reuters) - The European Union will imposelimits on steel coming into the bloc from Saturday in responseto U.S. President Donald Trump's metals tariffs, a filing in theEuropean Unio...Read More
Teck Resources, (TSX:TECK.A | TECK.B)(NYSE:TCK), Canada's largest diversified miner, announced late on Thursday it expected fourth-quarter profits to be significantly below estimates, due to the low price of Canadian oil at the end of 2018, issues at its operations in Trail, B.C., and a decline in commodity prices.The Vancouver-based mining giant said all those factors combined, plus inventory v...Read More
Gold demand came in at 4,345.1 tons in 2018.Central banks accumulated 651.5 tons of gold last year.ETF gold holdings grew by 68.9 tons.By SchiffGold Global gold demand grew by 4% in 2018, driven by a multi-decade high in central bank buying, according to the World Gold Council's Gold Demand Trends 2018 Report. Gold demand came in at 4,345.1 tons in 2018. That was up from 4,159.9 tons the previous...Read More
Eldorado Gold released on January 31, 2019, a substantial production update that changed its fair valuation profoundly and outlook of the company from 2019 to 2020.One crucial decision is undoubtedly the resolution to shelve the K????lada?? mill and resume mining instead.EGO experienced Thursday a decisive breakout of the descending wedge pattern. EGO should improve substantially in 2019.Image: D...Read More
Here Are 4 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average closed Thursday's session in the red thanks to declines in Visa Inc. (V) , DowDuPont Inc. (DWDP) and Microsoft Corp. (MSFT) .General Electric Co. (GE) posted weaker-than-expected fourth-quarter earnings but saw sales rise solidly, lifting the stock 11.43% on Thursday.Facebook Inc. (FB) surged 1...Read More
Near Surface Silver Mineralization Intercepted in 94 out of 98 holes; Numerous Significant Intercepts include 76.63 metres grading 383 g/t VANCOUVER, British Columbia - January 22, 2019 -- New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) ("New Pacific" or the "Company") is pleased to announce the first batch of drill results from its wholly-owned Silver Sand Project in Potos?- Department, Bo...Read More
COT SPECIAL PUBLICATION SCHEDULE -- The last COT report was published on December 21, 2018. Reports going forward from that date will be published in chronological order beginning with the report previously scheduled for release on Friday, December 28, 2018 (based on data from Monday, December 24, 2018). The CFTC expects to publish this report on Friday, February 1, 2019. After this, the...Read More
By: Dave KranzlerLast month the Government's Bureau of Lies And Statistics served up an employment report purporting 312,000 new jobs in December. This despite massive seasonal retail lay-offs in the latter half of the month. The BLS happily counts those jobs when hired in October but forgets to remove them when are dismissed at the end of the holiday shopping season. As John Williams (Sh...Read More
By: Steve St. Angelo, SRSrocco Report Official gold purchases reached a new record in 2018 as central banks continued to diversify away from the U.S. Dollar. Not only was 2018 a banner year for central bank gold purchases, but it was also the highest amount for more than five decades. Central banks haven't bought this much gold in one year since Nixon ended the convertibility of the U.S. Do...Read More
While some may have been confused by Fed Chairman Powell's circular statements in yesterday's press conference, the takeaway should be abundantly clear: the period of Fed tightening, is over. The Fed will now hold steady on interest rates, and when they move again, they are more likely to lower rates than to raise them. And while the Fed's program of balance sheet reductions is technically still...Read More
Last year was admittedly a tough one for emerging markets. A number of currencies were under considerable pressure, with some of them falling to record or near-record lows against the strong U.S. dollar. Global trade tensions, threats of sanctions, rising U.S. interest rates and higher oil prices before they began to crater in October, that is also contributed to the selloff. From its 52-week hi...Read More
Eric Sprott has more than 40 years of experience in the investment industry. In 1981, he founded Sprott Securities (now called Cormark Securities Inc.), which today is one of Canada's largest independently owned securities firms. In 2001, Eric established Sprott Asset Management Inc. Over the years, Eric has personally been the recipient of numerous awards and honors, including one of Investor Dig...Read More
France's top legal advisory body has refused to prevent police from firing large rubber-balls at Yellow Vest protesters.Continue...Read More
New York will soon let life insurers use data from social media when setting premium ratesContinue...Read More